8 Best Fuel Credit Cards In India 2020

8 Best Fuel Credit Cards In India 2020

Do you spend a lot of money on fuel? Daily traverse can cost you a hefty amount every month. Want to know how to save money on fuel? Check out our list of best credit cards for fuel in India.

Having a personal vehicle means you are saved from the hassles that the others face in a public mode of transport. But with the fuel prices skyrocketing, maybe soon enough you will be forced to join the others in facing the hazards of public transport as you don’t enjoy paying high prices out your pocket for the fuels. However, the fuel credit cards can be of huge help in a situation like these.

8 Best Fuel Credit Cards In India 2019

Some banks provide the Best Fuel Credit Card to their customers in an attempt to give them maximum benefit while paying for fuel. For saving money on fuel bills, fuel credit cards can be a good deal. The ones who continuously buy fuel for various activities can lower the expenditure on it along with other benefits in regards to lifestyle from these cards. The people who need these credit cards the most are the ones who travel long-distance usually daily, travel-enthusiast and people involved in providing transport services to others.

Factors to be considered while choosing the best credit card for fuel are as follows:

  • Usable at all fuel stations/petrol pumps: Those credit cards which can be used at all the fuel stations should be chosen. It helps you avail of all the available benefits irrespective of the fuel stations.
  • Fuel surcharge:  The card you are choosing should offer a complete waiver on fuel surcharge.
  • Redeemable points and rewards: If the card provides you the benefit of availing points or rewards, it should have an option of redeeming them later in the future. The redemption should be easy and hassle-free.
  • High annual fees: Generally, a particular or some special-purpose feature credit cards comes with a high annual fee. However, if a minimum amount is spent on the card annually, the associated high fee is waived off. So, before deciding on any particular credit card, make sure to check the minimum amount to be spent is not too high.

8 Best Credit Card for FUEL in 2020

1.Indian Oil Citi Platinum Credit Card

“Indian Oil Citi Platinum helps you earn a maximum of 71 liters of free fuel.”

Indian Oil Citi Platinum Credit Card 

The biggest advantage:

The reason why is it one of the best credit cards for fuel is:

  • Contactless cards: Just wave or swipe your card at accepting POS terminals for transactions. No PIN required.
  • Cardholders receive the following turbo points as rewards when they spend money using the card:
  • Fuel at IndianOil Petrol Pump: INR 150 = 4 turbo points
  • Groceries/supermarkets: INR 150 = 2 turbo points.
  • Others: INR 150 = 1 turbo point.
  • One turbo point(S) can be redeemed for fuel worth INR 1.

Fees and Charges:

Particulars Amount
Annual Fee Rs. 1,000
Cheque/ECS/ACH bounce charge Rs. 500 per returned instrument
Extended Credit Charges 3.25% per month /39% p.a.
Outstation Cheque Charge (based on the value of the cheque) Up to Rs. 10,000 – Rs. 50 per chequeRs. 10,001 to Rs. 1,00,000 – Rs. 100 per cheque

Above Rs. 1,00,001 – Rs. 150 per cheque

Reissue of lost, stolen or damaged card Rs. 100
Cash Advance Charges 2.5% of the amount/Min. Rs. 500. $7.5 at International ATMs
Railway ticket booking surcharge 1.8% of the transaction value
Fuel transaction charge 1% of the transaction amount, subject to a minimum of Rs. 10. Waived at Indian Oil Corporation outlets for transactions on Citi EDCs (electronic data capture terminals).
Overlimit Charges 2.5% of the amount (excluding fees, charges and taxes) over the credit limit, subject to a minimum of Rs. 500.
Late Payment Fee
  • Rs. 300 for current balance less than Rs. 10,001
  • Rs. 600 for current balance* of Rs. 10,001 and up to Rs. 25,000
  • Rs. 950 for current balance above Rs. 25,000
​ Eligibility:

  • He/She must be an Indian national.
  • Customer must be over 21 years of age at the time of application.
  • He/she must have a steady source of income.

Documents required:

  • KYC-PAN, address proof and ID proof
  • One photograph, salary slip
Apply Now

2.Super Value Titanium Credit Card – Standard Chartered

Get a cashback of 5% on all the fuel transactions that you make at any petrol pump in India.”

This card’s renewal fee is waived if the annual spending exceeds INR 60,000.

Super Value Titanium Credit Card - Standard Chartered

Fees details: 

  • 1st year – INR 499
  • 2nd year onwards – INR 750
  • APR – 37.2%

Why is it one of the best credit cards for fuel?

  • 5% cashback on fuel spends.
  • 5% on telecom bill payments.
  • 5% cashback on utility bills payments.
  • 1 point per INR 150 across all categories.
  • 20% cashback on all Uber rides.

Eligibility:

  • He/she needs be Indian national or a Non-resident Indian.
  • He/She should be more than 21 years of age.
  • He/she should have a stable monthly income.
  • He/she should belong to a city in which SCB sources its cards.

Fees and Charges:

Fee Type Amount
Annual Fee Rs. 750
Annual Fee ( second year onwards) Rs. 750
Add-on Fee (per annum) Nil
Free Credit Period Nil
Cash Advance (ATM withdrawals) 3% of withdrawal or Rs. 300 per transaction, whichever is higher
Over limit Charges 2.5% of overlimit amount subject to a minimum of Rs. 500
Late Payment Fee • Rs. 100 for statement outstanding balance between Rs. 100 and Rs. 500
• Rs. 500 for statement outstanding balance between Rs. 501 and Rs. 5,000
• Rs. 700 for statement outstanding balance between Rs. 5,001 and Rs. 15,000
• Rs. 800 for statement outstanding balance greater than Rs. 15,000
Surcharges Rs. 10 or 1% of the transaction (whichever is higher) are levied on Petrol transactions. Rs. 25 or 2.5% (whichever is higher) are levied on Railway station
Goods and Services Tax (GST) GST is levied on all taxable supplies
​ Documents required:

  • KYC-PAN, address proof and ID proof
  • One photograph, latest 2 salary slips, last 3 months bank statement (for listed companies, the bank isn’t required.)
  • For self-employed – latest ITR, profit and loss, computation of income with last three months bank statement. (In case of other bank cards, a hard copy along with the latest bank statement is required.)
Apply Now

3.HPCL Coral Visa/MasterCard Credit Card – ICICI Bank

“Famous for its cashback offers, accelerated reward points, and fuel surcharge waiver. The points earned using this card are redeemable for fuel at any HPCL petrol pump.” 

HPCL Coral Visa or MasterCard Credit Card - ICICI Bank

Why is it one of the best credit cards for fuel?

  • 5 points/INR 100 spent on fuel
  • 2 points/INR 100 spent on others
  • Fee waived off on minimum expense of INR 50,000 in the previous year
  • Reduce fuel bills with 2.5% cashback and 2.5% fuel surcharge
  • Earn free fuel with 2.5% rewards on fuel purchases
  • Up to 200 off every month on movie tickets
  • Minimum 15% savings at participating restaurants

Documents required:

  • KYC-PAN, Address proof, and ID proof
  • One photograph, latest salary slip

Also read: 7 Best SBI Credit Cards In India Review 2020

4.HPCL Coral American Express Credit Card – ICICI Bank

“Earn 3X or 6 payback points for every INR 100 that you spend on fuel at any HPCL outlet.”

It is easy to avail, and the cardholders are provided various offers. This card helps them to earn points on every transaction made for fuel.

HPCL Coral American Express Credit Card - ICICI Bank

Why is it one of the best credit cards for fuel?

  • Get 3x or 6x payback points every time you spend INR 100 on an HPCL petrol pump.
  • Get worth INR 500 fuel on the redemption of 2000 payback points.
  • Enjoy a 2.5% fuel surcharge waiver at HPCL petrol pumps
  • Get cashback of 2.5% on fuel transactions made at HPCL petrol pumps.
  • Get a discount of INR 100 on two movie tickets each month.
  • A minimum discount of 15% on dining through the culinary treats program.

Fee details:

  • Joining fee: INR 199 + GST
  • Annual fee: INR 199+ GST(waived for the first year)
  • Supplementary card: nil
  • Interest: 1.25%-3.50%

5.HPCL Platinum Credit Card – ICICI Bank

“Earn 2.5x payback points for every INR 100 that you spend”
 
It is easy to avail, and the cardholders are provided various offers. This card helps them to earn points on every transaction made for fuel.

HPCL Platinum Credit Card - ICICI Bank

Why is it one of the best credit cards for fuel?
·     Get 2.5x payback points every time you spend INR 100.
·     5x payback points every time you spend on an HPCL petrol pump.
·     Enjoy a 2.5% fuel surcharge waiver at HPCL petrol pumps
·     2.5% cashback on fuel transactions made at HPCL petrol pumps.
·     Avail discount of INR 100 on a maximum of 2 movie tickets every month
·     A minimum discount of 15% on dining through the culinary treats program.

Fee details:
·     Joining fee: INR 199 + GST
·     Annual fee: INR 199+ GST(waived for the first year)
·     Supplementary card: nil
·     Interest: 1.25%-3.50%

6.RBL Platinum Maxima Credit Card

The all-rounder credit card which provides you extra points every time you spend on fuel and also many other cost-effective offers.”

You save 2.5% on every INR 100 spent on your fuel. In other words, you get a reward of 10 points per INR 100 spent on fuel (10 rewards = INR 2.5)

RBL Platinum Maxima Credit Card

Why is it one of the best credit cards for fuel?

  • Saving of INR 11,500 just on fuel
  • Savings of INR 27, 000 on annual expenses of INR 1,00,000.
  • Earn 10 reward points for every INR 100 spent, be it dining, fuel, entertainment, etc.
  • Get one free movie ticket up to INR 200 every month at BookMyShow
  • 10,000 reward points if you spend INR 2,00,000 in a span of 12 months – a year
  • Additional bonus reward of 10,000 points if you use INR 3,50,000 in one year.

Fee details:

  • INR 2000(if you ask to get the annual fee waiver)
  • For the 1st year – you get 8000 bonus reward points which are equal to the annual fee.

Eligibility:

  • He/She should be at least 18 years of age
  • He/She should have a good credit history.
  • He/She should be a resident of India.

Fees and Charges:

Fee/Charge Amount/Rate
Annual Fee Rs. 2,000
Annual Fee ( second year onwards) Rs. 2,000
Add-on Fee (per annum) Nil
Cash Advance (ATM withdrawals) 2.5% of withdrawal or Rs. 300 per transaction, whichever is higher
Overlimit Charges Rs. 600
Late Payment Fee 15% of total amount due (Min Rs. 50 and Max Rs. 1,000)
Surcharges IRCTC Service Charges + Payment Gateway transaction charges (up to 1.8%
of ticket amount + IRCTC service charges)
Goods and Services Tax (GST) GST is levied on all taxable supplies
​  Apply Now

7.HDFC Bharat Credit Card

“This credit card offers 5% cashback on the amount spent on fuel at all petrol pumps.”

The cashback of the fuel transactions is accompanied by a 1% surcharge waiver of the same. If you spend a minimum of INR 400 and the maximum waiver you will receive is 250 per statement cycle.

HDFC Bharat Credit Card

Why is it one of the best fuel credit cards?

  • 5% cash backs on rail bookings through IRCTC, bill pay, grocery and recharges.
  • Enjoy an additional 5% cashback for all EasyEMI, PayZapp, and smartBUY Transactions. The maximum transactions you can do is of INR 150 per month.

Benefits:

  • Spend a minimum of Rs.50,000 in the year prior to your card renewal date and enjoy a waiver on the renewal fee or annual fee of Rs.500.
  • Insurance Coverage Up to Rs.50 lakh accidental death insurance.
  • Insurance Coverage Up to Rs.2 lakh purchase protection in case of loss of a product due to burglary or fire.

Also read: Use HDFC Diners Club Black Credit Card for Maximum Reward points

Eligibility:

Salaried Individuals

  • Minimum age 21 years.
  • Maximum age 60 years.
  • Gross monthly income greater than Rs.12,000.

Self-employed Individuals

  • Minimum age 21 years.
  • Maximum age 60 years.
  • Income tax returns higher than Rs.2 lakh per annum.

Fees and Charges:

  • The annual fee – INR 500; spend INR 50,000 and get next year’s fee waived.
  • You can potentially save an amount of INR 1800 just on fuel and INR 2300 on annual expenses of INR 1,00,000.
Type of Charge Amount
Joining fee Rs.500
Annual fee/renewal fee Rs.500 (reversed on spends of Rs.50,000 or more in the previous year)
Interest rate 3.49% per month (41.88% p.a.)
Minimum repayment amount 5% of the outstanding balance subject to a minimum of Rs.200
Late payment fee
  • Less than Rs.100: Nil
  • Rs.101 to Rs.500: Rs.100
  • Rs.501 to Rs.5,000: Rs.500
  • Rs.5,001 to Rs.10,000: Rs.600
  • Rs.10,001 to Rs.25,000: Rs.800
  • Greater than Rs.25,000: Rs.950
Cash advance limit 40% of the credit limit
Cash advance fee 2.5% of the amount withdrawn or Rs.500, whichever is higher
Foreign currency mark-up fee 3.5% of the transacted amount
Reissue of lost or damaged card Rs.100

8.SBI BPCL Credit Card

“At every BPCL petrol pump, the SBI BPCL credit card offers 13x reward points per INR 100 on fuel transactions.”

This credit card helps you save a total of 4.25% fuel spends. The above-cited 13x reward points are equal to 3.25% of savings, and along with this, you will also get a 1% fuel surcharge waiver as well.

SBI BPCL Credit Card

Why is it one of the best credit cards for fuel?

  • Earn 5 reward points on every INR 100 spent at groceries, departmental stores, cinema halls, and dining.
  • Earn 5 reward points on every INR 100 spent at utility bill payments.
  • Get INR 250 BookMyShow voucher by applying online
  • Receive 2,000 activation bonus reward points
  • Earn 1 reward point for every INR 100 spent on purchases unrelated to fuel.
  • Save INR 1955 on fuel
  • Savings of INR 3129 on annual expenses of INR 1,00,000.

Eligibility:

  • The applicant must be more than 21 years and less than 70 years old.
  • The applicant must furnish supporting documents such as self-attested copies of income proof, identity proofs, residence proof, PAN card along with a photograph.
  • Income proof like salary slip, bank statement, etc. will also be required.

Fee and Charges:

Fee Amount
Annual Fee Rs. 499
Renewal Fee Rs. 499
Add-on Fee (per annum) Nil
Extended Credit Interest-Free Credit Period 20-50 days, applicable only on retail purchases and if previous month’s outstanding balance is paid in full
Extended Credit Charges Up to 3.35% per month, accounting to 40.2% per annum, from the date of transaction
Cash Advance limit Up to 80% of the credit limit, maximum Rs. 12,000 per day
Free Credit Period Nil
Cash Advance Fee SBI or Other Domestic ATMs 2.5% of withdrawal or Rs. 300 per transaction, whichever is higher
Cash Advance fee International ATMs 3.0% of withdrawal or Rs. 300 per transaction, whichever is higher
Over-limit Charges 2.5% of over limit amount subject to a minimum of Rs. 500
Late Payment Fee Nil for the total amount due from Rs. 0 to Rs. 200
Rs. 100 for the total amount due greater than Rs. 200 and up to Rs. 500
Rs. 400 for the total amount due greater than Rs. 500 and up to Rs. 1,000
Rs. 600 for a total amount due greater than Rs. 1,000 and up to Rs. 10,000
Rs. 800 for a total amount due greater than Rs. 10,000 and up to Rs. 25,000
Rs. 950 for a total amount due greater than Rs. 25,000
​  Apply Now

 

So you can apply for a fuel credit card by visiting the nearest branch of the bank if you are eligible. The bank asks for some certain documents, and if you are eligible, fitting all the requirements of the eligibility criteria, you are good to go.

With such easy and minimal requirements, getting a fuel credit card is a good decision as it comes along a lot of benefits.

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